Hi guys, I have been looking at this thread as well as others and just want to pass on a few observations.
Firstly, I am a user of Self Wealth and I use Commsec and other sources for research etc. Secondly, I am not a holder. This company has a lot of work ahead of it if it wants to become cash flow positive.
Remember that SW actually gives users their first 5 trades for free and also has a referral program, so the revenue generated in previous quarters is perhaps a little understated and it's likely that margins will improve as its user base and volumes expand.
Lots of platforms 'rob' users of interest as a means to generate revenue. If you have a large cash balance this would be annoying. But you could just buy an ETF like (AAA) or transfer the majority to a better account. From my understanding Robinhood does this as well.
The platform is not very flashy at the moment, especially if you aren't premium. Personally I can't justify paying $20 a month. This being said I rely on Commsec, company accounts and other websites for this stuff anyway.
They are planning on doing international brokerage soon.
I would imagine the ETF space could be a good earner for the company, however I'm slightly unclear on just how that's going to form and work at the moment.
I think the company is yet to endure any pushback from competition yet and it would be interesting to see how that would play out.
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Mkt cap ! $27.80M |
Open | High | Low | Value | Volume |
12.0¢ | 12.0¢ | 12.0¢ | $157 | 1.305K |
Buyers (Bids)
No. | Vol. | Price($) |
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7 | 204443 | 12.0¢ |
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Price($) | Vol. | No. |
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13.5¢ | 77800 | 5 |
View Market Depth
No. | Vol. | Price($) |
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7 | 204443 | 0.120 |
2 | 150434 | 0.115 |
4 | 155445 | 0.110 |
4 | 98391 | 0.105 |
4 | 85900 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 77800 | 5 |
0.140 | 464541 | 10 |
0.145 | 1069236 | 6 |
0.150 | 443473 | 4 |
0.155 | 4000 | 1 |
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